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Solana mocks Ethereum L2 Starknet over massive valuation versus low activity

Solana mocks Ethereum L2 Starknet over massive valuation versus low activity

The remark sparked a wave of responses from crypto projects and industry figures.

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by Vivian Nguyen

Solana’s official X account on Wednesday publicly mocked Starknet, a prominent layer 2 solution, over a stark mismatch between the project’s valuation and on-chain activity.

The statement pointed to Starknet’s low daily active users and transactions despite maintaining a billion-dollar market capitalization.

“Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV,” Solana stated. “Send it straight to 0.”

The post appears to be a sarcastic comment referencing a snapshot of on-chain data from 2024 that showed Starknet with very low daily active users and transaction counts at the time.

It sparked numerous responses from crypto projects and industry figures, such as Bubblemaps, MegaETH, and Pump.fun co-founder Alon Cohen.

The team behind Solana’s official X account has developed a reputation for outspoken commentary, most recently engaging with an XRP supporter over claims about Ripple and XRP’s competitiveness versus Solana.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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Solana mocks Ethereum L2 Starknet over massive valuation versus low activity

Solana mocks Ethereum L2 Starknet over massive valuation versus low activity

The remark sparked a wave of responses from crypto projects and industry figures.

by Vivian Nguyen

Share

Add us on Google

Solana’s official X account on Wednesday publicly mocked Starknet, a prominent layer 2 solution, over a stark mismatch between the project’s valuation and on-chain activity.

The statement pointed to Starknet’s low daily active users and transactions despite maintaining a billion-dollar market capitalization.

“Starknet has 8 daily active users, 10 daily transactions, and still somehow has a 1b MC and 15b FDV,” Solana stated. “Send it straight to 0.”

The post appears to be a sarcastic comment referencing a snapshot of on-chain data from 2024 that showed Starknet with very low daily active users and transaction counts at the time.

It sparked numerous responses from crypto projects and industry figures, such as Bubblemaps, MegaETH, and Pump.fun co-founder Alon Cohen.

The team behind Solana’s official X account has developed a reputation for outspoken commentary, most recently engaging with an XRP supporter over claims about Ripple and XRP’s competitiveness versus Solana.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.